US Patent Issued to NCHAIN LICENSING on Aug. 5 for "Method and system for verifying ownership of a digital asset using a distributed hash table and a peer-to-peer distributed ledger" (British Inventors)

ALEXANDRIA, Va., Aug. 6 -- United States Patent no. 12,380,182, issued on Aug. 5, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Method and system for verifying ownership of a digital asset using a distributed hash table and a peer-to-peer distributed ledger" was invented by Stephane Savanah (London) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method (600) and system (1) for verifying ownership of a computer software after installation and prior to execution using a distributed hash table (13) and a peer-to-peer distributed ledger (14). This may be the Bitcoin blockchain or an alternative implementation. The method includes determining (610)...